Investor Presentaiton
Domestic Stock Market
The domestic equities market has been on an upward trajectory since the pronouncement of key policy changes by the new administration
NGX ASI vs global indices, 2018 - June 2023
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
-10.00%
-20.00%
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■ FTSE 100
18.96%
■ Hang Seng
■ NGX ASI
■ FTSE JSE
■ Nairobi ASI
■ EGX 30
■■ S&P 500
18.93%
-30.00%
2018
2019
2020
2021
2022
H1 2023
The domestic equities market outperformed most of its peers in the West African market.
■ Investors had a positive reaction to the bold key policy changes by the government such as the removal of subsidy,
floating of the naira and the unification of the exchange rate windows which caused the market to rally positively
■ The global equities market experienced major improvements, with a few exceptions from the past year as investors
see positive returns on investments
Investor concerns over the Russian-Ukraine war, high inflation and other tensions have been gradually abated as
several governments set up measures to combat the fallout.
■ The FTSE 100 (1.07%), EGX 30 (21.01%), FTSE JSE (4.08%), S&P 500 (16.89%) all recorded positive returns
while the Nairobi ASI (-16.06%) and Hang Seng (- 4.37%) recorded positive returns
Market Capitalisation:
The market (NGX) recorded an 18.93% increase as
at H1 2023 (N33.19 trillion) relative to December
2022 (N27.92 trillion).
Returns:
The NGX also recorded an all-time high index
since 2008 at 60,968 points in June 2023 - an
increase of 18.96% relative to December 2022.
PwC
The Nigerian Capital Market Update
August 2023
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